Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Sells $698,702.00 in Stock

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Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown sold 4,700 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $148.66, for a total value of $698,702.00. Following the transaction, the director now directly owns 13,227 shares of the company’s stock, valued at approximately $1,966,325.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of BFAM opened at $148.96 on Thursday. The company has a market cap of $8.70 billion, a P/E ratio of 49.16, a PEG ratio of 4.17 and a beta of 0.27. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The firm’s 50-day simple moving average is $137.79. Bright Horizons Family Solutions Inc has a 12-month low of $100.12 and a 12-month high of $150.47.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $501.76 million during the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. On average, equities research analysts expect that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

A number of research firms have weighed in on BFAM. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Monday, May 6th. Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Finally, Citigroup lifted their target price on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $127.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC boosted its position in shares of Bright Horizons Family Solutions by 6.2% during the 1st quarter. Quantamental Technologies LLC now owns 1,709 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the last quarter. Security Asset Management lifted its position in Bright Horizons Family Solutions by 0.7% in the 1st quarter. Security Asset Management now owns 14,640 shares of the company’s stock worth $1,861,000 after buying an additional 100 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Bright Horizons Family Solutions by 5.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,016 shares of the company’s stock worth $225,000 after buying an additional 108 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Bright Horizons Family Solutions by 0.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 18,167 shares of the company’s stock worth $2,025,000 after buying an additional 167 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Bright Horizons Family Solutions by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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